10-08-2011, 05:35 AM
depends on location and if the market is strong in the area. as other said, a correction has taken place but no one knows the "corrected" price long-term. the fact that housing drives our economy is a sad, stupid measure since it encourages all sort of price inflation and the invention of the insane instruments that made the bubble grow exponentially - and artificially.
so, yes, it may be a good investment if the area is still "hot" but if that was the case, perhaps this house would not be on the market very long. around my area, houses are down to just stupid prices from completely f^cking insane.
so, yes, it may be a good investment if the area is still "hot" but if that was the case, perhaps this house would not be on the market very long. around my area, houses are down to just stupid prices from completely f^cking insane.